RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation may rebound further after it tested the MYR1.04 support in recent sessions. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR1.10 level, with an exit set below the MYR1.04 threshold. Towards the upside, the near-term resistance is at MYR1.20. This is followed by the MYR1.26 level.
Source: RHB Securities Research - 28 May 2019
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